Momo Slips Despite Beating Its Own Guidance
One of this year's biggest winners was one of Tuesday's biggest losers after posting poorly received financial results. Shares of Momo (NASDAQ: MOMO) declined 20% on the day, but the stock is still trading 96% higher for all of 2017.
It was another period of heady growth for the Chinese video-centric social networking speedster. Revenue soared 215% to $312.2 million, fueled once again by the scintillating growth of its live video platform. Adjusted earnings roughly tripled to $73.8 million or $0.35 a share.
Momo stock took a hit despite blowing through its earlier top-line guidance. In May, the dot-com darling was eyeing $283 million to $288 million in revenue, or growth of 186% to 191%. Momo doesn't provide earnings guidance.
Source: Fool.com
Hello Group Inc. ADR Stock
Currently there is a rather positive sentiment for Hello Group Inc. ADR with 5 Buy predictions and 1 Sell predictions.
With a target price of 17 € there is potential for a 183.33% increase which would mean more than doubling the current price of 6.0 € for Hello Group Inc. ADR.